Regarding Amendments in the Delhi Value Added Tax Rules, 2005

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....r to amend the Delhi Value Added Tax Rules, 2005, namely :- RULES 1.   Short title and commencement.- (1) These rules may be called the Delhi Value Added Tax (Amendment) Rules, 2015.      (2) They shal I come into force on the date of their publication in the Delhi Gazette. 2.  Amendment of rule 6A.- In the Delhi Value Added Tax Rules, 2005 (hereinafter referred to as the principal Rules), in rule 6A, for sub-rule (3), the following sub-rule shall be substituted,  namely:- "(3)  The provisions of sub-section (5) of section  10 of the Act relating to proportionate reduction of tax credit on purchases of goods sold at a price lower than the purchase price shall not apply t....

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.... "  (e)  the amount of variation to the tax amount shown on the tax invoice, wherever an adjustment to tax credit is required as per the provisions of sub-sections (1) and (2) of section 8.". 7. Amendment of Forms.- In the principal Rules, in the Forms appended thereto, - (i)  in form DVAT 01, for Part-B, the following shal1 be substituted, namely:-   By order and in the name of the Lt. Governor of the National Capital Territory of Delhi, (A.K. SINGH) Dy. Secretary VI (Finance) ============= Document 1(TO BE PUBLISHED IN PART IV OF THE DELHI GAZETTE EXTRAORDINARY) GOVERNMENT OF NATIONALCAPITAL TERRITORY OF DELHI FINANCE (REVENUE-1) DEPARTMENT DELHI SACHIVALAYA, I.P. ESTATE....

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....d sub-clause (ii) of clause (c) of sub-section 3 of section 10, the tax credit shall be reduced in the following manner:- in the case of goods specified in the Second Schedule, the tax credit shall be reduced by 100 percent; and (a) (b) tax credit shall be reduced by (. 2 X 100 R in the case of goods other than those specified in the Second Schedule, the percents where R is the rate of applicable as per section 4.". Amendment of rule 7A.- In the principal Rules, in rule 7A, in the first proviso, for clauses (iv) to (vi), the following clauses shall be substituted, namely:- " (iv) sale price of goods taxable at the rate of 5 percent; and (v) sale price of goods taxable at the rate of 12.5 percent or more, in order of incr....

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....tion of Goods Rate of Purchase Value Tax Fair Market Value * (Rs.) Tax Payable (Rs.) 1 2 ** Total (*As on 1st April of the current year) (**Additional rows can be added, if required) Carry to main form to (7)(iii) (iv) Details of Opening Stock of Finished Goods held on 1st April, year and tax payable thereon. S.No. 1 2 • of the current Description of Goods Rate of Purchase Value Tax Fair Market Value * (Rs.) Tax Payable (Rs.) ** Total (*As on 1st April of the current year) (** Additional rows can be added, if required) (v) Verification I/We Carry to main form to (7)(iv) hereby solemnly affirm and declare that the information given hereinabove is true and correct to the best of my/our knowledge ....

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....all be inserted, namely A1.3 Change in agreed consideration other than on account of issuance of credit notes for post sale discounts or incentives.[Section 8(1)(c) and 8(2)] A1.3.1 Issuance of credit notes for post sale discounts or incentives. [Section 8(1)(c) and 8(2)] وو (ii) in field A3, for sub-field A3.3, the following sub-fields shall be inserted, namely:- 66 A3.3 Receipt of credit notes from seller other than on account of post sale discounts or incentives. [Section 10(1)] A3.3.1 Receipt of credit notes from seller for post sale discounts or incentives. [section 10(1)] 66 99 ; and (d) for Annexure-1D, the following Annexure shall be substituted, namely:- Annexure 1 D Tax rate wise details of Stock in....